alibaba style. >> when you enter alibaba's headquarters in china, it is a lot like walking into anycampus in silicon valley. inside, there is a starbucks yoga classes, and three cafeterias serving employees but the perks don't stop there. alibaba takes it one step further, helping employees find love, marriage, and even start families. it may look like any other tech company, but the culture here is unique. employees refer to each other as ali people. and many assume nicknames taken from kung fu novels. >> one of the big influences on jack ma's life was a martial arts novelist. in the early days, people took on nicknames, different characters that were in these novels. >> that fighting spirit has attracted young people to work at alibaba. the average employee is 30 years old with a starting salary of nearly $33,000 a year. that is more than seven times the average of urban chinese workers. >> alibaba tracks young chinese who are at the top of the field because it is an exciting corporate culture. people feel they can break down barriers and do new, cool, innovative types of things i

i playing it into the alibaba spin but i don't want to play alibaba correctly. >> because you're scared of chinese regulators? >> i'm scared of the headlines. but i feel this is a better way to play it. >> time for pops and drops. we've got a drop for seadrill. >> you weren't here last night. that's an inside joke. it's going to make them take about a billion dollars of their backlog away. stock out. but the really tell, i think, will be on rigs next week. i think you'll see a relief rally in seadrill. >> pop for las vegas sands. >> that's what these things are rallying on. also up about 20%. since we talked about these names three weeks ago, stay in this one. >> and arian pharma. >> very tempted to get inside. big move higher on an actavis. keep it on a very short leash. $7 stop. >> pop for jcpenney up 2%. >> upgraeded today. not a bad day. looks like the stock is kind of out of the danger zone for the time being. wait until it gets through 830 to buy this one. >> i think it was on cheaper gas prices helping the consumer. >>> coming up, netflix going on a spending spree. the site is se

neil: it will not be an alibaba phone.will definitely use the maizu brand name, which is more of a younger type brand, and second two xia -- to xiaomi in terms of the marketing to consumers. cory: thank you very much. we appreciate it. we will have more "bloomberg west" right after this. a look at the grammys and the important social media story. ♪ cory: you are watching "bloomberg west." the winners and from last night's grammy awards. british singer sam smith won song of the year, record of the year, but beck got a surprise win for album of the year. spotify tried to cash in on those winners. how can they do that? i am joined by adam will and, -- i am joined by the founder of plus capital and of pentagon cd's and tapes. the mesic industry has changed so much in the last two or three years, i wonder what the grammys are for. what do they mean for business whether of an artist, a label or spotify? adam: it is a great question. if you look over the last decades, the grammys has always been the best marketing event that the

investors buying into alibaba.mendous for lending club as well as alibaba. >> speaking about u.s. investors and consumers they want to know that alibaba is doing everything straight. there was a story last week about alleged fraud on their website, particularly taub out. the results with regulators? >> i put resolved in quotations because this is been a roller coaster ride for alibaba for years. part of the respecter's that people would be selling things that were not true on their website. that is the thing with these marketplace models. uber is an example of this. other e-commerce sites. you do not control the people that are always selling on your sites. it is difficult to monitor the different sellers that use alibaba. from alibaba' back to, they say they do the best they can. -- from alibaba's perspective, they do the best they can. it remains to be seen whether that will pop up again. >> joe tsai was on with us. he said, we put guys in jail if we find any fraud on her websites. he answered my question about t

in case you missed it alibaba is working on delivery drones.pany will start testing delivery in beijing today. expecting to deliver ginger tea to about 450 beta shoppers over a three-day period. the drone can supposedly fly for four minutes, carrying a package of 700 grams and according to our units people in china are skeptical about the drones, no surprise, especially because they don't deliver straight to your door. instead they'll land outside residential buildings before being hand delivered by couriers. interesting to see how that will work. hoping to have footage to show you tomorrow morning. but jon, these page are -- these packages are supposed to be delivered within an hour. seems like a head start. >> i want to know how they will cut through the smog in beijing. can they see where they're going? crashing into buildings? >> our producer suggested infrared to cut through. we'll be looking forward to tell us how that works. >> rough place to live right now. over to the cme, rick santelli. good morning, rick. >> good morning, carl. we'll

i know alibaba tells me they have a great namebrand in china but do they? propel in the phone?deftly using a brand name, which is second to -- in terms of the oral team, or the oral market and consumers question -- consumers. >> thank you very much. we appreciate it. we have more bloomberg west right after this. we look at the grammys and the important social media story there. it's frustrating being stuck in the house. good thing xfinity's got 2 hour appointment windows. they even guarantee they'll be on time or i get a $20 credit. it's perfect for me... ...'cause i got things to do. ♪ ♪ oh, yeah! woooo! with a guaranteed 2 hour appointment window and a 97% on-time rate xfinity is perfect for people with a busy life. >> you're watching bloomberg west. i am cory johnson. the winners are in from last night's grammy awards. sam smith 14 awards, including song of the year and record of the year. but a surprise win for outcome of the year. streaming sites to cash in on the winners. joining me now from l.a., adam, the founder of bus capital and pentagon taste. i am curious, the musi

alibaba has much better numbers than amazon. to happen overnight, but what if alibaba is the new global destination for commerce which really it wants to be? amazon could be in trouble, so i would say amazon needs to be worried. liz: a lot of lenovo and washington way phones are -- huawei phones or should, and somehow they're subjugated. it'll be interesting to see. now let's go over to samsung, bob. samsung warning customers, hey, you know what? we have this new smart tv coming. just so you know, it could record and transmit private conversations to a third party because it's a voice recognition tv. you guys, is this going to hurt the company's market share in the tv department where it's very strong? i have three samsung tvs in my very small house because i'm a little obsessed. jason? >> you know, not at all. the thing is, it's all about the buzz, right? it's all about what company is in the headlines, what company is on segments like this. unfortunately for samsung, it's samsung. honestly, i didn't install facebook's messenge

coming up next, is the worst behind or is the worst ahead for caterpillar and alibaba. hiring new employees can be tough. but it doesn't have to be. because now you can post to over 50 of the top job boards with just one click- with ziprecruiter. find candidates in any industry, nationwide. just post once and watch your qualified candidates roll in to ziprecruiter's easy to use interface. find out today why ziprecruiter has been used by over 250,000 businesses. they even offer a 100% satisfaction guarantee. and right now, you can try ziprecruiter, for free. go to ziprecruiter.com/free30 ♪ ♪ >>> looks like our guys made it through the tough week mainly because they were bearish. here's what cohen carter said about one of the biggest misses this week, caterpillar. >> they cannot withstand this kind of pressure from crude. the bet is that caterpillar is going to break. a bad break here implies something alock the order of 75 or back to the lows of 2011. >> you could buy the february 86 puts, costing $2.10. it will capture those earnings. >> 75, still in the cards here? >>

alibaba up about a quarter of a percent as womeell.s as jack ma has been pushing alibaba to move in markets beyond its home market in china. it's an interesting move. u.s. businesses that partner with lending club can borrow up to $300,000, interest rates up to 2.4%. the loans last about six months and people have said if you're a toy company sourcing parts from a business on alibaba, or if you're an industrial company that's looking to buy a saw motor and need a lot of inventory you would have a new place to get it from in alibaba. >> that could be a big accelerant to business for them, certainly, being able to finance that. >> it could. it could be a big business for lending club, earning interest on this business. we'll talk to ceo in a first on cnbc interview on "squawk alley" tomorrow. >> all right. ahead of earnings on thursday, twitter is tweaking its business model and launching a new way to make money. cnbc's julia boorstin joins us now with the latest. julia? >> jon, twitter is putting ads in more places to give its marketers

why beijing did not really mean what it said about alibaba.ading gets underway this morning in china, there is one story that may cause a flutter in stocks, the president of banking china -- giant minsheng resigns. a bit of a shock the youngest president, and now? >> the executives name is mao chow fun, and he has resigned according to a report. this comes amid speculation that there may be speculation involved -- corruption involved. a highly respected magazine in beijing reporting that the disciplinary committee of the communist party, the central commission for discipline inspection removed him as party secretary, as well as the banking regulator, and said he was taken away by the discipline inspection committee of the communist party. if you believe that report, this suggests there may have been activity that ran against the regulations of at least the party. it is unclear at this stage whether there was any untoward activity that involves the bank. in fact, the bank out with a statement saying that the conduct or activity had nothing to d

and apple since alibaba went public.ean they've really -- it's moved way against alibaba and in apple's favor. >> venky, is he being too tough on the troops? >> a little tough. i know what jack is trying to say. he's saying not good enough and as a shareholder of alibaba, you like that message. >> do you? i mean i wonder. a lot of other chinese names, baidu this week had a horrible week. but ma has always said, shareholders don't come first, right? >> that's right. >> that's the line. >> shareholders don't come first. look where they priced the deal. we can't anchor ourselves on the highs it reached out of the gate. not really alibaba's fundamental doing and they didn't have to work in the next several months to justify. that price paid on day one. >> i'm thinking as well, too, many of the issues raised since the ipo, i mean when talking about the quality of products sold extent to which the chinese government is involved, i -- they're under so much cuteny on so many -- scrutiny on so many fronts perhaps we're nitpicking

our game plan, what's ailing alibaba?fter the biggest and most hyped ipo in history, the stock down 19% this year. star analyst bob peck on whether wall street was simply too bullish. the story on retail. why sector few ru dana telsey is luke warm on the space and what that means to your money. we begin, though, with february on fire. what a month for the markets. the dow on pace for its best monthly point gain ever. the nasdaq going for its longest winning streak in five years. the vix sinking in oil on track for its first up month in the last eight as fed chair yellen takes to the hill for the second straight day. we haven't talked to you about what your takeaway from yellen yesterday was. markets seemed to like it. >> she's previewing what the march statement will be like, judge, so that was very positive in terms of the bulls and the doves out there. as far as the overall market, judge, on this program, i think the three of us had been saying in january the market is down 2 or 3%, people running around like their hair

that is alibaba, alan. alibaba sell as lot of stuff selling relatively cheap in the market. a lot of it is priced in foreign currency. alibaba making a move today, maybe time to get in, no? >> looks like maybe finding some support at 85. 85 is the midpoint of range from way back when. traded between 90 and 80 a number of weeks. it traced all way back down. to get back down to buying distressed stock this stock is more than 30% off its highs t could easily run back to 100. from a risk/reward standpoint alibaba could start to play the game and resume this overall social media and internet trend that is continuing to move higher and higher. >> charlie probably thinks, alibaba forget it. i will take boeing. in fact you are. you're picking a very longstanding industrial here, along with honeywell, again another industrial, ticker symbol. hon. then you throw xilinx in there. what is bringing all the names together sparkling enough for you to say these should be in a portfolio? >> again part of our cyclical bias in the portfolios moving away from defensives, you know, the stronger

. >> alibaba is what we talked about before.e know it created a lot of billionaires when it floated, but a lot of division that is being created, 12 or 13 of them. >> alibaba is a company that is responsible for creating so many billionaires. the finance affiliate of alibaba is the finance company of alip ay. this company recently had a reevaluation and its value doubled to 50 billion. the reevaluation was for private placement. with this doubling some 13 new billionaires were created. that includes the ceo jonathan lu and the chief financial officer. and of course, jack ma himself has really in a fitted. his wealth -- has benefited. his wealth this year has increased from 7 billion this year to 35 billion. that makes in the richest person by a comfortable margin. >> coming up next, the greek debt debate. is it just a game to the finance minister? our correspondent puts that to yanis when asia edge returns. ♪ >> let's check on some of the stories making headlines around the world. egypt responds with kelly asian in claims of the

breaking news on alibaba with dominic chu. >> we got a lot of news. this time from alibaba.d they have received correspondence from the u.s. securities and exchange commission, the s.e.c. asking for background facts and other information related to their interaction with one of their chinese regulators the saic and related matters. they say that they are cooperating fully with the s.e.c.'s request. they also point out here alibaba has no obligation to disclose the receipt of this s.e.c. correspondence. they have chosen to do so because they value being transparent with investors and they feel disclosure could help avoid any false rumors or speculation. so again they have received a letter from the s.e.c. asking for certain background facts and information. this is regular correspondence here. it's about their relationship with one of their chinese regulators. they are cooperating with the request and they are doing this in the hopes of promoting transparency or the thought of transparency with their investors, kelly. back over to you. >> thank you. a huge issue hanging over

i go to alibaba, where do i buy wholesale parts? i need to buy electric motors. i pick from the menu. 10 days later, a crate shows up on my doorstep. there are 5000 parts made to my custom spec. i was stunned. i got chills that i had gotten robots in china to work for me. and they took paypal. >> how did you go from journalist/drone enthusiast to drone company ceo? >> after i started the community and it takes off. people started talking about doing things together. designing drones. the software, the hardware, etc. initially, i started putting parts into cardboard pizza boxes with my children. that was the manufacturing line. that did not work well. it was clear it had to be like a real company. making real stuff, was someone doing it full-time. i invited the smartest guy on the site and said, you want to start a company with me? and he said sure. initially, he was 19. in tijuana, mexico, he just graduated from high school. by the time we started the company, he was maybe 20 or 21. by 2012, he had been doing it for a couple of years. the company was doing like $

what industry will alibaba not take on?takes the amazon playbook and pushes it back a year. just bezos was talking about robots six months ago. we will see. i think they will just get into everything. they have got to look for growth. >> we have talked about how that can be bad for some companies to diversify too much. would that be the same case for alibaba? >> in the case for google, it is still the case that 90% of profits for google come from search. all the things they have done from industries has not amounted to much. it is something we are very excited about. >> has to give google a little more slack than you give jeff bezos. >> a little bit, given that google makes more profit. >> one question, do you like alibaba? >> yes. it is hard to get a grasp on it. but yes, we like companies that by our companies. we certainly like having a company like alibaba out there that are looking for the innovation. >> number seven, a ceo stepping down. his successor is the former president -- mark yanni. -- >> she got that. leaving

i think alibaba had its first day up. he said listen it has all of this level, did all of this level. i think the higher marks, high growth not buy anymore alibaba. >> hey, jim, ron from oceanside. it got hammered the last couple of days -- >> i mean you can't disappoint twice and then expect me to give you the high side we're going with the skyworks. hey, by the way, let's go to chris in illinois. chris? >> booyah, jim, thank you for taking my call i bought this at 1727, and the recommendation of you and my broker but it has fallen a bit, around 15 15.5. my stock is alcoa. >> we liked it at ten, 15 we'll like it at 20 the price has not been great this quarter. i don't know sometimes you believe in a ceo, sometimes they take the stock higher that is how i feel. and that ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by tgameritrade. >> you have to wonder if home away the largest vacation rentals, has its groove back. i'm a big fan of home away the website and now i like

they include the alibaba ceo jonathan lou and the chief officer.has benefited in this valuation. the added about $7 billion to his wealth this year. he now stands at $35 billion, making him asia's richest person. >> from singapore with a look at the latest on the bloomberg billionaire list. sony planning to focus on several key areas over the next three years. a newspaper saying the company will prioritize its prices. this month, they posted their best quarterly profit in seven years with its biggest conservator as the devices unit. sony down for tens of a percent. capital land doubling. homes, offices, and shopping centers. you can see, shares up. next, china's announcing changes to residency laws ahead of the lunar new year travel rush. we bring you details when "on the move" returns right after this. ♪ >> scoring up to samsung, taiwan and raises stakes in the battle of the chips. beijing announces a new residency rule for the new year travel surge. if at first he don't succeed, try again. the would-be singer who made it big in hong kong. saint-s

like amazon,s alibaba, and others.ll right, let's take a look at some other stories we are watching for you. on tuesday, we are going to see the year's first official reading of the market in china. there were signs of a rebound late last year. wednesday, we get the latest act in the gray sony turnaround drama. the ceo will present his business plan in tokyo. since taking the helm nearly three years ago, he has nurtured sony's recovery. attack, he was enjoying good reviews. its lunar new year. most markets in asia will be closed for the celebration. hundreds of millions of people across the region will be making inir way home to welcome what is variously described as the year of the goat, ram, or sheep. let's check in with the chief economist at the bank of singapore. it's the lunar holiday here in asia, but it's europe we are concerned about right now with financeeeting with ministers in brussels today. today is a critical day, is it not? yes, it is critical if they want to have any change in the deal passed by parlia

alibaba is beating amazon.ing "market makers" right here on bloomberg television. ♪ >> alibaba is giving amazon a is cut. they will begin using drones to deliver tea in china. jeff bezos has been laying out his vision of drones and delivery for years but the company has yet to push through regulatory hurdles. so what will the drone delivery market look like? let ask our guest host of the hour, jeff clavier. you actually invest in drones. what is your company do and why? >> drone the is based in san francisco. it's the first flat -- flight control system for drones. it's a piece of software that allows you, say you are a farmer in the midwest sending his drone over a cornfield, he's getting instantly a map of the field to see were he can use pesticides and fertilizers. by using drones, he can cut used by 40% and increased yield up to 15%. what drone deploy does is build a piece of software that automatically sends the drones and flies around the field, gets the images and sends them to your ipod or computer. >>

alibaba is betting it can become a player in smartphones.company investing $590 million in the chinese -- his operating system aimed at boosting mobile sales. as we head toward the opening bell, i want to get back to scarlet fu. our monday future focus centers there it >> that is right. you told us earlier how the former fed chief said reese's exit from euro is just a matter of time because no one wants to risk lending money to the country anymore. we have seen how the euro has been on a steady path. 15% over the past two years. has the long dollar short euro trade gotten crowded? join now it answers, the founder of average joe's. look at what is going on with europe and the fundamentals. economically speaking, the eurozone and if the want a weaker euro. >> good morning. the worldwide currency, everybody is trying to push their currency to the bottom because the entire globe is having -- making the u.s. dollar much stronger. but the euro especially as the euro currency and the euro zone was the last of the big quantitative easing party as ma

alibaba received a request for information from the fcc. the agency looking for information related to the interaction with a chinese regulator. alibaba said it's cooperating with the request. shares fell initially in after hours trading. before the bell the stock was up 2% to $89.05. a rising economic tide lifts all boats and that is especially true for the boating industry as the economy improves and people feel better about making big purchases. boat manufacturers expecting solid sales growth this year and they're kicking off their season as they so often do in miami where thousands of boats are on display at two separate shows. morgan brennan is there. >> reporter: a big weekend for boat enthusiasts as people descend in miami for boat shows. brokers say business is finally recovering. >> over the last two years, we've seen slow improvement and it's directly related to the stock market. the stock market inches up our phone calls increase. so with the stock market being in chartered territory and demand pent up people are buying yachts. >

a number of big investors put money into alibaba.lobal management acquired almost 6 million shares. alibaba closed below its closing price. stephanie: i think people like it. walmart will report earnings for its holiday quarter tomorrow. the u.s. stores are struggling with stagnant sales. one analyst has a big idea. break up the company. julie hyman has the details. i don't know the how they -- i don't know how they could have had stagnant holiday sales. julie: if stephanie is shopping there, they must be doing well. i want to talk about this provocative idea from michael x line. -- michael exline. some of the returns on investment have not been strong so it might make sense to exit those businesses. he is not clear on what you would do to get out of them. he says a spinoff of sam's club might make sense. sam's would be able to compete with costco if it were separated from walmart. it would allow them to focus on strengthening the u.s. business without having international operations. there are more international stores then there ar

alibaba looking to boost its overseas expansion.any is offering loans through lending club. u.s. businesses will be allowed to apply for short-term lending gloves. alibaba wants to reach some 2 billion individual customers and 10 billion small businesses outside china. sticking with alibaba founder jack maas says the company has resolved is problems with china's state administration. the regulator last week accused alibaba of all kinds of bad behavior, selling counterfeit goods, taking bribes. during a speech, the billionaire says the matter was handled "at the first stage." those are your latest world news headlines, olivia. >> remember bitcoin? we used to talk about it a lot a year ago, when the virtual currency peaked at $979 per unit, now under $250. as much as we have our own doubting thomas onset, there is serious money acting including marc andreessen and a guess we receive at on "with all due respect." >> i think bitcoin is a 10-year story, and i'm very bullish on it over the long haul. i think in the short run, there is a l

our game plan, what's ailing alibaba?he biggest and most hyped ipo in history, the stock down 19% this year. star analyst bob peck on whether wall street was simply too bullish. the story on

pillsbury, did you buy shares with alibaba? michael: yes.: is alibaba a representation of the good of short-term investment in china? michael: yes. holly baba a play on the chinese government favoring jack ma. if the chinese government wants to show this is a good idea it will return to a higher price. brendan: recently they hinted at allegations that they would be investigated but that disappeared. what are they saying when they do that? michael: it is probably a bureaucratic message that you have counterfeit stuff you need to be more careful, we are going to find you if you did -- to finde it you if you do not. it looks like jack ma is going to be ok. brendan: there are two kinds of people who come on the show to talk about china. one believes that china can manage the bubble and the other does not. which are you? michael: i believe in the success of china. tom: later, brian belski on the oil stock. he had to come in with security this morning, there are so many oil bears pushing up against belsky. olivia: we will continue the conversation

alibaba predated here. >> well, it depends on what you characterize as she hasn't.the stock was, i don't know, 12? it's now 50. >> if they didn't have alibaba, it'd still be 12. >> somebody needs credit for something. the stock has gone up. the stock has gone up from that level to 50. >> yep. >> when she's been in the seat. >> you have to judge her on the operational leverage that she's put into the company or has not, and there's been none. that's what she's been responsible for. >> i think the only way this stock ends is -- >> you feeling okay? >> yeah, no, no, it's a rare moment, but i'm a man of integrity by agreeing with you. >> a man of brilliance. forget the integrity. [ laughter ] >> you are making me laugh. listen, the only way this ends is in a merger. it's a question of who. years ago, it was microsoft. in the coming here, it might be a social networking name that makes a play at it. ends in a merger. >> can developers get excited about it or not? that's what's coming out of this, right? stem the bleeding. that's really what she has done, judge. she's bee

. >> meanwhile, amazon delivery drones, google delivery drones and now alibaba delivery drones.ice is in beijing with more from the chinese e-commerce giant and the test that took place over the last couple days. eunice? >> yeah, that's right, kayla. when it comes to drone deliveries, alibaba is jumping in the fray and stepping up the competition. already the chinese e-commerce giant has partnered with a local courier service to really come up with this experimental testing programs to test drones to deliver small packages. like i said they're starting small. this is an experimentation. they are starting with a three-day trial in three major cities, including here in beijing. they are going to start with lightweight ginger tea boxes. these are going to 450 customers. and the deliveries are supposed to take place within an hour. so far there's been i would say a healthy dose of skepticism about the program by the public. most people have been talking about how amazon has had some regulatory issues in the united states because of the concerns over safety flying these drones and th

we know big names sexy at the moment, like alibaba definitely do. >> alibaba they do, apple and googleoo. it is interesting in tech. you kind of look at it whether you were a value investor or growth investor you can find things in there on both sides which makes it a very interesting sector but point is very well-taken. you look at the nasdaq composite. everyone is looking. want to see when it gets back to the record. that is great. but that record was 15 years ago. it has been 15 years since we've been at that point. that is perspective. liz: do you think there is too much froth with the analyst, nine out of eleven cover the tech sector overall say this is overweight? >> yes. but it is hard to pick out exactly where. i mean, what stocks are overvalued? certainly not apple. you know, some of them r i think, ultimately comes down to the fact that, if you're going to be investor you have to stick to your knitting. do your own research. make your own determination. liz: tracy, what is technology stock? >> that is the thing. liz: craig johnson, cirrus logic, intel, applied materials. >> i

companies buying goods from chinese suppliers on alibaba.he services were provided by the bank of china. "bloomberg west" will be right back after this. ♪ ♪ cory: i am cory johnson. this is "bloomberg west." some shares getting hammered today as a company slashed its guidance for the second time saying they had to do a right down to $110 million for a purchase they made which was growing 400% year-over-year, now 7%. so what happened to the future of a 3-d printed world? for more, i am joined by a portfolio manager. this is one of their largest holdings, so, cathy, what happened? they thought this would be the key to a 3-d printed future. is it game over? cathie: no, this was focused on the consumer end, but that is not the main story. in fact, next year, they may be less than 10% of their revenues. the real story here is industrial, and as the stocks have been going down for the past year, what we have witnessed is analysts, researchers who are focused both from the top-down and bottom-up have been raising their estimates of industrial 3-d p

we can get things from alibaba. we have to assemble a whole new toolkit.e have to change the way we think how china is going to interact with the rest of the world. not just sucking in imports and shoving out large amounts of small value-added -- they are changing. >> steve engle said china is building the hardware. the tougher job is building the software that goes with it. >> you have a developed economy now. it is still a developing market. the real story in china is going to be how you actually fit a 21st century financial market on top of that economy. >> and what type of monetary policy is put in place to assist that growth. >> what about making sure that the liquidity goes to the right place. there is a 70 billion trillion tracked behind the currency dam. dig some irrigation to let it flow through the economy. >> it is a great analogy, but it is very much harder to do it. >> allow the shadow banking system to emerge absorb it into the banking system. allow some of that pressure out. you built the infrastructure. this is part of the hardware. you are

the alibaba chairman, jack ma, says he will work to fight counterfeit goods on his company's website, using customer data and cloud computing to help track down fakes. he met with quality regulators in china three weeks after a separate regulator chastise alibaba for not doing enough to prevent fraud. remember the penny stock that recently surged to a $6 billion market cap does write a lack of things like revenue or assets? the sec has sued to belize-based brokerage firms, saying they made $75 million dumping worthless shares of shell companies. the company is not named directly, but one of the firms sued was tied to the company. "autumn line" is coming up at the top of the hour with none other than mark crumpton. >> the number of reported measles cases in the united states has topped 120. in a typical year, the number would barely break 100. what is going on and are u.s. health officials prepared? what about parents who for personal or religious reasons do not want their children vaccinated? i will ask the director of the u.s. center for disease control and prevention. i will see you

anyone saying alibaba is too big to fail in china? jack ma says stop.giant is addressing corruption. anyone who says alibaba is too big to fail is wrong, he says. >> i don't understand why anyone is coming down so hard on this you'd corporation that has a chance to get footing outside of china. >> what is interesting to me is when i went out to california a few months ago, i was talking to a number of different tech companies and the theme was there is a general unease and fear about aliibaba because silicon valley doesn't know what direction they will go. that fear carries over to china as well because they are a huge company with there is a little bit of iffiness on what is going on. >> we were in hong kong last year before the ipo. you get a sense of envy or the view that alibaba has been helped by the government. this is maybe a way for the government to pull back a little bit. there are plenty of government in china that want to be successful. samsung will unveil a new smart phone with a three sided screen next month. samsung used to be the sole le

that's where you build a base. >> you are still in alibaba. >> i am.been not a good one. >> grasso, ready? with today's big market move, are you surprised at the underperformance in the russell 2000? >> no. i think the s&p is probably going to turn around. look at that level in the cash. 2079. that's the right shoulder. i think both of these are going to turn negative in the next couple of days, weeks. they are close enough tracking. >> leading indicator? >> steve did a -- a month or so ago went to the smart board and did a whole thing. >> i did. >> this is resistance. you were here that day. >> very supportive. >> he had a very bad experience at the smart board. >> i don't know why we had to keep going there. >> really memorable. >> recovered nicely there. >> thank you. >> wasn't my fault. >> it is about the recovery. >> cramer is going to visit with the ceo of spirit airlines. plus the ceo of alkermes ahead on jim's birthday edition of "mad money." >>> happy bother day to me. i'm celebrating my 60th with an ultimate showdown between hasbro and mattel

the future of alibaba.t will involve artificial intelligence and robots according to the cofounder, jack maher, speaking in hong kong. he said alibaba thinks of itself as a dater -- a data company. alibaba will invest significantly in artificial intelligence. the longest losing streak ever it sells for in eighth straight month, january decline of 7%. there is speculation he will continue to feel the pain caused by the chinese crackdown on corruption. in france, producers love -- giving this to me just to mess with me. in france, the former head of the international monetary fund is going on trial over whether he took part in an international prostitution ring. dominique has been charged with "aggregated pimping." investigators say he played a role and his employer denied the charges completely cleared >> home ownership. it is called the american dream and remains out of reach for many borrowers. first-time homebuyers accounted for only 29% last year, the lowest since 2008. president obama is hoping to reviv

, it does not look like it is coming just yet. >> it is strange that you mentioned alibaba., what they trade him, what positions they have got, and it sort of matters because they are pretty hefty investors, and they have been selling alibaba shares, and they sold 7 million depository receipts, is what they called, of them. the biggest decrease, the biggest trade that they did, dropping their holdings in u.s. listed companies, and, of course alaibaba is still up. they were selling when all of the world was lying. >> a buster. >> did you make that word up? >> it has been used in jackie collins books. i am talking about if the shades of gray, opening for records for elephantine state and presidents' day weekend, and this is a r-rated film. it was made for $40 million, and it has made over 230 $9 million and sadomasochism is back. >> i do not know if anybody can top that line. >> "countdown" continues in the second hour. 6:56. we will take a short break. ♪ them and should of support in athens -- demonstrations of support in athens. denmark steps up security after this weekend's

i mean she's had two huge gifts, the biggest one, obviously, alibaba and yahoo japan to give her moree mobile business in the core and so i think it's still lacking some of the spark that's going to get the average consumer excited about yahoo. more work to be done there. >> does the valuations of snapchatp snapchat, pinterest, and others elevate the value? >> there's big numbers out there. >> there are. >> they all have the experience of something exciting for consumers. there's impressive growth. look at the yahoo core it's still declining. the mobile part is growing, but the desk top part is declining. the others mentioned are pre-revenue or have huge revenue growth. hard to use them as comparables. >> going to leave it this. thank you. >> thank you. >> speaking of pinterest, is it worth billions? did ryan seacrest copy blackberry? who pays for space exploration? it's me versus the bore, brian, two minutes away. s fast and taste better than tums smoothies assorted fruit. mmm... amazing. yeah, i get that a lot. alka seltzer heartburn reliefchews. enjoy the relief. i make a lot of pu

i got in around $112 for alibaba, i'm scared what do i do?er, we don't care where a stock has been we care where it's going to. one of the reasons i recommended yahoo, i felt it was a cheap way to on do the alibaba and i still agree. they are in talks with china. i think that at 86 i would still buy yahoo, it has been the best way to play baba whole way down. nancy in florida. >> caller: hi jim, booyah too you and thanks so much for all you do to help small investors, and now i could use your help with yelp. i bought it on a dip and it's still mentioned as a buy-out target so i buy, hold or sell? >> i'm concerned about yelp. their conference call was one of those calls where it doesn't seep -- they don't seem to realize that things are not as good as people think. or let's put it another way, not as -- they are confident. they are too confident given how the company is doing, is what i'm trying to say. you mow what? their confidence may be misplaced, they need to own up to the fact that they are not doing what wall street wants. they do not h

according to "fast company," it is not alibaba or instagram.n about 30 minutes from now, president obama, angela merkel will join the news conference in washington. let's take you live as soon as they begin speaking. and ten years ago today, google maps was born. when "squawk alley" returns. >>> five years ago this week, warby parker launched with hopes of disrupting the eyeglass industry. they have raised over $150 million, opened ten stores nationwide and now have annual revenues reportedly worth of $100 million. today, "fast company" magazine is naming warby parker the most innovative company of 2015, topping big names like apple, google, and instagram. joining us now, the co-founders of warby parker. great to see you again. >> great to see you. >> what is it about your business model five years in that you think makes you more innovative than anything else out there? >> "fast company," they said we're the first great made on the internet brand. i think innovation is about thinking differently and bringing new ideas to life. we saw an indust

alibaba is growing faster. it sold off from 120 earlier in the year to around 85 or so.i think alibaba could go back to 120 in 18 months and that would be a nice return. amazon has similar upside. that assumes that they continue to show the sales growth that they have shown recently and also that the margins structure convinces people that there's more to come. apple is a little different. apple has incredible momentum right now. the apple pay, apple watch should do very well. apple the company i think in 2016 will do well. the stock is going to face tough comparisons then. i think one of the key things about apple is because it's the largest company in the history of the world and because it trades at a below market multiple and because current momentum is so strong if apple is struggling to reach new highs and the whole market is going to likely be struggling. so i think apple over the next year or so will probably do fine relative to the market. next year, who knows. >> backing out from some of the tech names as well i'm curious if you're still bullish on the home bui

i bought shares in july, alibaba ipo and strengthened my position a few times since then. yahoo shares are dropping about 50. >> i think yahoo is obviously, there was a moment, your height of the stock was at 50 i mean 50 52 and everything was going great and then china cooled. i think yahoo is the one to be in. i don't want to be in alibaba, i want yahoo. value underneath. i wouldn't mind holding it. joe in ohio joe? >> caller: jimmy, it's a great day in cramerica. love the show. thanks for taking my call. listen, early on in december, you had nike on your game plan. you liked it at $90. it hasn't quite got to that level just yet. i'm waiting, i'm waiting, i want to know. should i -- >> let's be price sensitive. underarmour reported. people aren't going crazy for it. there's a lot of craziness. i've got to wait for the conference call. kevin plank, of course tomorrow on "squawk," team player. but i do want to tell you that i think nike's worth a great deal. i like to be price sensitive, because in a market that's this volatile you get a chance. disney has become the great

alibaba at 2015 low. [closing bell ringing]. >> right, about 30% off its november highs. liz: here go the bells on wall street. again records smearing the tape. we have dow jones industrials record. s&p, all-time high record. i believe staying with the russell 2000. the nasdaq clocking its 10th straight move to the upside. this is a big day for your money, if you stayed in stocks. why? janet yellen playing the tape here. david: listen to stocks hitting record high. autozone, home depot, darden, monster beverage, united health, aetna, the list goes on and on. all these are at record highs. liz: "after the bell" starts right now, don't move. david: today's action. we have larry rosenthal from rosenthal wealth management. he will tell us to boost profitability. he sighs buy europe. why is now is the time to jump in. larry shover, from sfg alternatives in the pits of cme. larry shover, let me start with you, do traders have any doubts? a lot of this, the word greece and europeans came to some kind of a decision here, did traders have any doubt despite the euphoria over today'

later, but i think google and facebook -- charles: although the alibaba thing saved them. yahoo!ld be a $4 stock if it wasn't for alibaba. >> now, for me i like the way -- and most of wall street disagrees with me -- i love the way amazon invested and spent and used r&d to develop ideas and invest in new warehouses and amazon prime and understanding their customer whereas -- >> give it to you on prime, but they have got to find a way to monetize this thing. they've got a decade ahead of google and facebook, they've got to show some return on investment. charles: well, this last earnings report it seem like besos is finally bringing something to the bottom line. >> absolutely. the performance in the stock clearly reflects that. you know, just going back to google real quick, i think each of them are trying to find their own niche that they want to focus on. google, for example, wants to focus on robotics and home entertainment with nest. so i think each of them are trying to find their area and where their core competency is and really focus. charles: on that note, it's pretty obv

ones we're investing say we want a private sleeve to participate in now these private deals like alibabaipo. all the guys are selling pre-ipo, do an ipo in six months or a year and what happens the market closes they get stuck and that causes the crash. >> i got to run. josh, i like your take an this. >> i think it's too soon to know which are bubbles and which aren't. inevitably -- >> some will go on to be bigger companies some won't and if you talk to vcs they're not as worried about valuations that they're investing at as they are cash rate. when the worm turns and less available financing, some of these companies will have blown through way too much of their cash and they won't survive. there may be a valuation correction but that doesn't mean every one of the companies zeros out some of them will continue on to the next cycle, some of them will have blown through all of their cash. i don't have the expertise to tell you which is which but that's probably a bigger concern right now for the vcs than any kind of valuation top. >> coming up, it's been 35 years since the u.s. olympic hoc